Luxottica Acquires Lens Manufacturer Barberini

The transaction is valued at 140 million euros.

MILAN — Luxottica Group is in the process of merging with French lens maker Essilor SA, but this is not stopping it from further building its structure. The giant Italian eyewear producer is acquiring leading optical glass sun lens manufacturer Barberini SpA for about 140 million euros. The transaction is expected to be finalized by the third quarter of 2018.

“With the acquisition of Barberini we add another gem to our brands, a name that is well known throughout the industry and synonymous with top quality, innovation and Made in Italy,” said Leonardo Del Vecchio, executive chairman of Luxottica. “Barberini will allow us to strengthen our technological leadership in sun and ophthalmic lenses and opens great development opportunities for the future.”

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Social Studies

Move over millennials, a new generation is coming of age.
At five years old, North West, the famous daughter of Kim Kardashian and Kanye West, has captivated the digital realm with her cross-generational appeal. Without a public Instagram or YouTube channel of her own, she’s too young to fully understand what a digital footprint is. And yet, hers is already wildly popular.
We’ve watched North West grow on Instagram and “Keeping Up With the Kardashians” and magazines — here, she poses for her first solo cover. Her distinct fashion sense belies her age, and lately, so does her eye for makeup.
West, whether she knows it or not, is at the forefront of a generation that is highly connected, engaged with fashion and beauty and individualistic in style. Called Alpha, signifying a new beginning, this age group is unlike any the world has ever seen.
And combined with Gen Z, their slightly older counterparts, their numbers are strong. According to the U.S. Census Bureau, in 2025, people aged 17 and under will comprise 43 percent of the U.S. population. Already, they are significant consumers of beauty: According to NPD, 69 percent of Gen Zers use color cosmetics and 68 percent have a skin-care regimen.
With numbers like that, Alphas and Gen Z are expected to have a sociocultural and economic impact equal to that of their parents or older siblings, the Millennials.
Read more on WWD.com, link in bio.
Report: @alexa_writes 📸: @jucophoto
set design: @lizzielang
hair styling: @chrisappleton1
makeup: @maryphillips
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Today we honor an icon, Karl Lagerfeld. Read WWD’s tribute to the late designer, whose prolific career has influenced fashion and culture overall for the last 60 years. Link in bio.
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Karl Lagerfeld has died in Paris.
The designer, one of the most prolific, admired and multi-talented fashion figures of the modern age, worked tirelessly until the end, giving instructions to his teams for the Fendi fall ready-to-wear collection, due to take place in Milan on Thursday.
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“For me, it’s an ode to England,” said Matty Bovan speaking of his fall collection. The designer, who is based outside York, touted his use of local wool, his work with artisans, and collaborations with the likes of Liberty, Stephen Jones on hats and Katie Hillier on key rings, scrunchies and bows.
And what a tribute it was — a wild-eyed, big-hearted hug for a country that’s feeling a little battered ahead of its exit from the European Union.
Report: Samantha Conti 📸: @kukukuba
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#wwdfashion #mattybovan #londonfashionweek #lfw #backstage